Adam Smith in His Time and Ours, byJerry Z. Muller
For Aristotle, politics was the highest sphere of human activity because it regulated and directed conduct toward the communal (as opposed to the individual) good:
For even if the good of the community coincides with that of the individual, the good of the community is clearly a greater and more perfect good both to get and to keep.
Commerce, on the other hand, was bad in Aristotle’s eyes:
In the community that is most finely governed, the citizens shall not live a vulgar or a merchant’s way of life, for this sort of life is ignoble and contrary to virtue.
About the Author
George Russell is the executive editor of Fox New Channel.